Tesla Inc said on Friday it would cut thousands of jobs to rein in costs as it plans to increase production of lower-priced versions of its crucial Model 3 sedan, sending its shares down as much as 10 percent.

source https://www.reuters.com/article/us-tesla-layoffs/tesla-cuts-jobs-as-it-looks-to-make-model-3-more-affordable-idUSKCN1PC0W0?feedType=RSS&feedName=technologyNews